DIA formed an alliance with Knit Finance

Knit Finance is a unique decentralized protocol for creating cross-chain wrappers for the top-200 crypto assets. It delivers bridges to ensure comfortable cross-chain fluidity of assets and allows institutions, developers, farmers, and traders to tap into trusted custody to mint Knit’s “K-Assets”.

Through its platform, Knit Finance enables users to tap into the Ethereum ecosystem with any asset. Users can list any major coin such as ADA, FIL, DOT or XEM on leading DEXs, liquidity pools, lending, margin, collateral, or yield farms. Knit’s “K-Assets” unlock new opportunities for altcoins that do not exist on Ethereum, Polkadot, Binance Smart Chain or any other L1 network.

As a result of this collaboration, Knit Finance will integrate DIA’s open-source and transparent oracles into its cross-chain wrapper protocol. This integration will enable the platform to access accurate, reliable and transparent crypto and traditional asset price points on-chain via various layer 1 and layer 2 networks.

Michael Weber, DIA Associate President adds:

“One of DIA’s main pillars is to work towards cross-chain interoperability across different L1 and L2 Networks. We are thrilled to support projects like Knit Finance who work towards improving the cross-chain fluidity of digital assets.”

Sainath G, CEO of Knit Finance says:

“We always look forward to joining hands with projects to support our K-Assets and to add extra value existing cross-chain platform. This integration will also allow us to drive joint operations to explore new avenues in DeFi space and enhance our user experience to a different extent.”

About DIA

DIA (Decentralised Information Asset) is an open-source, financial information platform that utilises crypto-economic incentives to source and validate data. Market actors can supply, share and use financial and digital asset data.